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New IMO 2020 low sulfur fuel regulations

by Bunkerist
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The new IMO 2020 low sulfur fuel regulations are a necessary but inevitable burden for shipping companies and shippers.

While importers and exporters want to meet the costs of compliance with IMO 2020 with the application of new sulfur rules, they struggle with the problems caused by these additional costs. The maritime industry has to transfer the costs of environmental pollution to its customers (shippers) as an additional fee. The fact that the desired fuel is not available at every port, the prices are manipulative even if they are fueled, fueling programs negatively affect the waiting times of the ships.

Sea freight companies should explain their additional charges to their customers with clear and consistent expressions that they rightfully demand, so that the reason for these requests should be carefully examined and justified. Carriers should pay extra explanation for what the transporter pays for, should be justified and the basis for the additional fee should be explained.

It is inevitable that in 2020 the environmental performance of the maritime industry will be subject to an intense scrutiny in the regulatory forums of the world. It is not our subject at this moment to give up an international decision and therefore additional fees. However, it is very important to switch to a more mature pricing regime that concerns all actors in every sense.

The maritime sector should take a responsible attitude to cover the costs of its environmental responsibilities, while maintaining the trust of its customers and regulators.

Bunkerist

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